Featurespace is the world's leading provider of Adaptive Behavioural Analytics technology for fraud and risk management

Newsflash

ARIC™ Fraud Hub Launches in Singapore

“We are delighted to be working with Featurespace to ensure that our customers are even better protected. Featurespace’s industry leading technology ensures that goHenry continues to lead the market.”

Louise Hill, COO, goHenry

“We are delighted to be partnering with Featurespace, a business with world-class machine learning technology. We are always looking to work with innovative companies and are confident that this partnership will deliver superior outcomes for our customers, by preventing more fraudulent transactions whilst reducing the number of genuine transactions that are declined.”

Mark Kimber – CIO, Worldpay

“Adding Featurespace’s AI to the Contis armoury allows us to offer best in class prevention and protection to all clients who use our banking and payment services. We want to ensure our clients keep ahead of the increasing challenge of fraud.”

Flavia Alzetta – Chief Executive, Contis

“What is particularly clever about Featurespace’s system is that it can learn from new types of fraud; allowing it to keep up with the ‘arms race’ against innovative criminals.”

Felicity Hannah – The Independent

“MIT strives to offer its clients cutting-edge technology. Recognising that fraud prevention and its techniques are constantly evolving, MIT has selected Featurespace as its business partner so that the ARIC platform’s adaptive behavioural analytics can reduce fraud and increase customer approval.”

“We’re excited to be the only UK comparison website to be partnering with Featurespace. Following an extensive evaluation of providers, they proved to be the only ones capable of enhancing our existing fraud prevention capabilities.”

Fleur Lewis, Head of Fraud, GoCompare

“ClearBank is changing the U.K.’s financial ecosystem by offering clearing and banking services that are collectively cost-effective, robust and cloud-based. As such, we needed a fraud and AML transaction monitoring detection platform that could operate across all of our portfolios and protect our customers. Featurespace not only delivers that cutting-edge ability better and faster than anyone, it also shares our spirit of revolutionising financial services. That’s an intangible quality that cannot be overstated and is exceptionally rare today.”

Charles McManus, CEO ClearBank.

“IATA has a fundamental responsibility to protect the financial systems that make today’s integrated global air transport network possible. Safer selling is a key component of IATA’s NewGen ISS program and this agreement with Featurespace will provide IATA’s customers with an additional layer of security.”

“We are excited to add the Foresight Score to our comprehensive suite of risk and fraud products. It will help our clients detect and prevent more transactional fraud while at that same time reducing false-positive alerts – helping increase revenue and improve operational efficiency.”

Only the adaptive survive

Humans are smart. We’re naturally programmed to do Adaptive Behavioural Analytics. We intuitively profile the people we know over time – continually adapting our sense of a normal pattern of behaviour for each individual. So if we spot someone behaving out of character, we reach out to help.

Real life breaks the rules

Featurespace’s smart technology works in exactly the same way. Deployed on-premise or via secure cloud in over 180 countries, our ARIC (adaptive, real-time, individual, change-identification) platform uses Bayesian statistics to model and predict individual behaviour in real-time. This machine learning allows computers – for the first time – to understand when an individual customer’s behaviour is out of character and automatically evaluate risk.

The ARIC platform is live and deployed in some of the world’s largest banks, payment processors, merchant acquirers, insurance companies and gaming organisations.

Featurespace monitors all your customer data in real-time, spotting anomalies to block new fraud attacks as they occur. At the same time, Featurespace recognises your genuine customers without blocking their activity. It all means reduced fraud costs, happier customers, and increased revenue.